CRDB stock slides by 6%

CRDB bank stock price has slid by 6.25 per cent, pulling down Dar es Salaam Stock Exchange (DSE) indices.

The bank share price went down by 10/- to close the bourse at 150/-, the lowest level in 11 months. 

According to DSE Daily Market report, DSE all share index (DSEI) lost 3.12 points to close at 1,298.30 points while Tanzania Share Index (TSI) lost 13.17 points to close at 1,119.41 points.

“Indices edged downwards as CRDB and TBL recorded price decrease,” the report says today.

TBL lost 0.97 per cent to close the day at 2,040/- a share.

Despite share sliding, CRDB, the biggest bank in term of assets, was the top trader with a turnover of 18.84m/- after 125,556 shares exchanged hands.

Tanzania Securities Business Analyst Joel Nkya says “we anticipate a low to medium level of activity as yields in money market instruments keep on falling and investors who missed out in T-bond auction may channel their funds in the stock market”.

The bourse has 17 listed companies.

Source: tzexchange.blogspot.com

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